Alan Gerry
Media

Alan Gerry Net Worth

Alan Gerry was a successful entrepreneur who started building an upstate New York cable TV network in 1956. After four decades, Cablevision Industries had 64 cable systems in 18 states and was sold to Time Warner in 1996 for a reported $2.7 billion, with Gerry pocketing $900 million. He used this money to start his venture capital firm, Granite Associates, and to purchase the site of the 1969 Woodstock festival, eventually building Bethel Woods Center for the Arts. In 2013, Gerry returned to the cable industry after a 17-year absence, joining BCI Broadband's advisory board.
Alan Gerry is a member of Media

Age, Biography and Wiki

Birth Day December 24, 1929
Birth Place Liberty, New York, United States
Age 94 YEARS OLD
Birth Sign Capricorn
Occupation businessman
Known for founder of Cablevision Industries
Spouse(s) Sandra E. Gerry
Children Annelise Gerry Robyn Gerry Adam Gerry

💰 Net worth: $1.5 Billion (2024)

Alan Gerry is a renowned figure in the media industry in the United States, and his net worth is expected to reach an impressive $1.5 billion by 2024. As a successful entrepreneur and visionary, Gerry has made significant contributions to the media landscape. He has played a pivotal role in shaping the industry and has been involved in various media ventures throughout his career. With his wealth and influence, Alan Gerry has established himself as a prominent figure in the United States' media sector.

2009 $1.1 Billion
2010 $1.15 Billion
2011 $1.25 Billion
2012 $1.3 Billion
2013 $1.3 Billion
2014 $1.4 Billion
2015 $1.4 Billion
2016 $1.4 Billion
2017 $1.5 Billion
2018 $1.4 Billion

Biography/Timeline

1951

In 1951, he started a television sales, installation and repair Business in a converted grain elevator in his hometown. Concerned with the poor reception in his hometown, which impacted television sales due to the mountainous terrain, he installed antennas on the top of many of the surrounding mountains in order to provide reception to the people who lived in the valleys or lived on the hillsides not facing New York City. In 1956, he convinced seven local businessmen to invest in starting a local cable television system utilizing large "community antennas" on mountaintops which gathered the signal and then transferred it via cable to the individual homeowners. The company was named Liberty Video. He opened a store purely focused on television sales but soon realized that after an initial surge in sales, the recurring cash flows from cable subscribers was where the income was. In the early 1970s, he bought out his original partners and expanded into Pennsylvania and Massachusetts renaming the company Cablevision Industries. In the early 1980s, he installed the East Coast's first high-powered microwave delivery system, creating 100,000 house sub-clusters. Thereafter, he expanded into Florida, the Carolinas and the Mid-Atlantic States and was one of the first cable operators to deploy fiber optic cable. In 1996, he sold Cablevision Industries - then the 8th largest cable company and the largest privately owned cable company in the United States with 64 cable systems covering 1.3 million subscribers in 18 states - to Time Warner Cable for $2.7 billion,

1969

Gerry created the Gerry Foundation, an organization established to stimulate economic activity and revitalization in Sullivan County, New York. Gerry purchased and resurrected the original 1969 Woodstock Festival site. naming it the Bethel Woods Center for the Arts in Bethel, New York. Gerry donated $10 million to the National Cable Center in Denver. Gerry endowed a chair of orthopedic surgery at Harvard Medical School, established the Paul Gerry Dialysis Center in Sayre, Pennsylvania, funded the addition of a wing on his local hospital, and is involved in a program at Boston University to find a cure for amyloidosis.

1995

In 1995, Gerry was awarded the Vanguard Award, cable television's honor for distinguished leadership. In 2000, he was inducted into the Cable Television Hall of Fame. Gerry received the Entrepreneur-of-the-Year Award from the New England chapter of the Institute of American Entrepreneurs, the Distinguished Citizen Award from the Boy Scouts of America, and the Americanism Award from the Anti-Defamation League. He has received an Honorary Doctorate of Business Administration from Roger Williams University and an Honorary Doctorate of Humane Letters from the State University of New York.

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About the author

Lisa Scholfield

As a Senior Writer at Famous Net Worth, I spearhead an exceptional team dedicated to uncovering and sharing the stories of pioneering individuals. My passion for unearthing untold narratives drives me to delve deep into the essence of each subject, bringing forth a unique blend of factual accuracy and narrative allure. In orchestrating the editorial workflow, I am deeply involved in every step—from initial research to the final touches of publishing, ensuring each biography not only informs but also engages and inspires our readership.